Greenbriar Equity Group sells Lazer Spot
New York-based private equity firm Greenbriar Equity Group (Greenbriar) has sold Lazer Spot, a provider of mission critical, outsourced yard management services in the United States and Canada, to Harvest Partners (Harvest).
Lazer Spot is the category leader in a comprehensive range of outsourced yard management services including trailer spotting and shuttling. Founded in 1996 and headquartered in Alpharetta, Georgia, Lazer Spot is the only national provider of spotting services. The Company offers a compelling value proposition at over 400 sites in the United States and Canada, for over 100 blue chip customers across the consumer packaged goods, food & beverage, pulp & paper, retail and other industrial sectors.
Jill Raker, a Managing Partner of Greenbriar, says: “We thank the entire Lazer Spot management team for an outstanding partnership. We are proud to have had the opportunity to support the Company through a period of strong growth and believe its future has never been brighter.”
Lazer Spot CEO Adam Newsome adds: “We have enjoyed working with the Greenbriar team, whose deep knowledge of our business and extensive network of industry relationships have helped create significant value for all stakeholders. Our partnership with Greenbriar enabled Lazer Spot to enhance our capabilities and has positioned the Company to capitalise on organic and strategic opportunities in our next chapter of growth.”